Notes to SEFA
Title: Subsequent Events
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of Health Center of Southeast Texas for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Health Center of Southeast Texas, it is not intended to and does not present the financial position, changes in net assets or cash flows of Health Center of Southeast Texas.
De Minimis Rate Used: N
Rate Explanation: Health Center of Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization’s management has evaluated subsequent events through March 12, 2024, the date the Schedule of Expenditures of Federal Awards was available to be issued.